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Target

balenciaga said:
I can't think of any better location for Target downtown, right by the subway and between Eaton Centre and Aura BBB/College Park.
The waterfront has transit issues and apparent is less ideal, unless one is expected to drive there.
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It's a short trip from Union Station on the 509/510, in a neighbourhood that has seen explosive growth, and is expecting even more growth over the next 5-10 years. I can't think of a better location for Target, considering how little competition there is in the area (Absolutely none), not to mention how much potential.
 
Walmart

Walmart Canada announces 37 supercentres in 2013

Toronto Star Jan 22, 2013
Francine Kopun
Business Reporter

Walmart Canada announced Tuesday it will invest $450-million in 37 supercentre projects and a distribution centre, on the eve of Target’s arrival in March.

The expansion will add 1.4-million square feet of retail space to the U.S. retailer’s Canadian operations, including new stores and expansion, remodeling or relocation of existing stores, according to the press release issued Tuesday morning.

The projects will be completed during the company’s fiscal year, from Feb. 1, 2013 to Jan. 31, 2014, and will include the first superstore to open in the Maritimes. The expansion is expected to generate more than 7,000 store, trade and construction jobs.

The locations for specific store and distribution centre projects will be announced as the details for each project are finalized, according to the release.

Walmart’s supercentres carry close to 100,000 different products, including apparel and groceries, pharmacies and vision centres.

As of January 31, 2013, Walmart Canada will have 379 stores, including 209 supercentres. Tuesday’s announcement is expected to bring the company’s store count to 388 by the end of January, 2014.

The retailer will open nine supercentres on Jan. 25.

“Today’s announcement is a continuation of the growth rate of 35 to 40 supercentre projects in Canada for the past several years. FY13 was an exceptional year due to the addition of 73 projects which included 39 former Zellers locations,†according to the release.

Walmart Canada employs more than 94,000 people.
 
Buffalo area Targets wont have to worry about losing Canadian customers, since our Targets will be more expensive!

Target Canada: Prices To Be Competitive With Other Canadian Stores, Not U.S. Chain

There is really only one major reason why Canadians have been flocking across the U.S. border to shop at Target locations: Lower prices.

With the opening over the next year of more than 120 Target Canada locations, shoppers are hoping that those bargains will now be available north of the border.

But while the chain’s Canadian prices will certainly be competitive, don’t expect it to match U.S. prices. Like with just about all other U.S. retailers operating here, the Canadian locations will have their own price structure.

Target Canada’s website is coy about what to expect. “We absolutely intend to have competitively priced products in Canada,†the company states in a FAQ. “However, we can't comment on specific prices as we are still working through the details of our overall pricing for the Canadian market.â€

In a recent interview with the Globe and Mail, Target Canada president Tony Fisher was more candid.

“We’ve built our business model to be incredibly competitive with the lowest-priced leaders in Canada,†he said, but “[w]e’re not building our business model as compared to the U.S.â€

In other words, you might get a bargain compared to other stores in Canada, but not when compared to the prices at Target USA.

http://www.huffingtonpost.ca/2013/01/30/target-canada-prices-locations_n_2584098.html
 
gabe said:
Buffalo area Targets wont have to worry about losing Canadian customers, since our Targets will be more expensive!

Target Canada: Prices To Be Competitive With Other Canadian Stores, Not U.S. Chain

There is really only one major reason why Canadians have been flocking across the U.S. border to shop at Target locations: Lower prices.

With the opening over the next year of more than 120 Target Canada locations, shoppers are hoping that those bargains will now be available north of the border.

But while the chain’s Canadian prices will certainly be competitive, don’t expect it to match U.S. prices. Like with just about all other U.S. retailers operating here, the Canadian locations will have their own price structure.

Target Canada’s website is coy about what to expect. “We absolutely intend to have competitively priced products in Canada,” the company states in a FAQ. “However, we can't comment on specific prices as we are still working through the details of our overall pricing for the Canadian market.”

In a recent interview with the Globe and Mail, Target Canada president Tony Fisher was more candid.

“We’ve built our business model to be incredibly competitive with the lowest-priced leaders in Canada,” he said, but “[w]e’re not building our business model as compared to the U.S.”

In other words, you might get a bargain compared to other stores in Canada, but not when compared to the prices at Target USA.

http://www.huffingtonpost.ca/2013/01/30/target-canada-prices-locations_n_2584098.html
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Well what did people think? Of course it will be a bit more expensive.
 
People flock to the US on the basis of price? Sure, for brand name stores/items - I am not sure if Target falls into that category, so long as the price difference isn't ridiculously large. It's like saying shoppers flock to Wal-mart in the US over those in Canada...which is clearly not an accurate description of how things actually worked.

AoD
 
AlvinofDiaspar said:
People flock to the US on the basis of price? Sure, for brand name stores/items - I am not sure if Target falls into that category, so long as the price difference isn't ridiculously large. It's like saying shoppers flock to Wal-mart in the US over those in Canada...which is clearly not an accurate description of how things actually worked.

AoD
Click to expand...


I was surprised how many Canadians do flock to the WalMarts in the Buffalo area. I was down in Buffalo at Christmas, the parking lots at Walmart and Target were full of cars with Ontario licence plates. Buying a few items at Walmart will only save you a couple bucks, except the Canadians doing the shopping are spending hundreds and even thousands of dollars on crap from Walmart and Target etc.. I bet they are saving fair chunk of change I'm sure.

From what i was told by the shoppers staying at my hotel, Target is cheaper than Walmart.
 
Of course they do flock to Walmart - but not at any significant expense of Walmart here in Canada I don't think. They go because it is along the way - not because it is a destination in and on itself I don't think.

AoD
 
Does anyone have firm dates for the first openings? I thought I had heard March somewhere last year, but it's now the 25th and I don't think Target has posted anything official.

And what would be the first store(s)? SQ1 would be one I'm sure?
 
airplane-dude said:
Does anyone have firm dates for the first openings? I thought I had heard March somewhere last year, but it's now the 25th and I don't think Target has posted anything official.

And what would be the first store(s)? SQ1 would be one I'm sure?
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The Ajax store is certainly coming along. The exterior is done and the way the interior is lit points to finishing work taking place right now (lighting looks to be done). I expect it to be in the first wave (although probably not first overall, since Ajax is not exactly party central, unless they open several stores simultaneously.)

Target Canada was also advertising heavily during the Academy Awards broadcast.
 
Here you go:
Target Corp.’s bottom line will be pinched more than expected by its $1.5-billion investment in its Canadian launch this year, largely because the U.S. discounter will expand some of its stores beyond its original plans.

Target executives revealed on Wednesday that the company’s foray into Canada, starting next month, will squeeze 45 cents a share from its 2013 profit, more than 60 per cent higher than analysts’ estimates.

But the cheap-chic U.S. retailer also said it will pour money into expanding 40 of the 124 stores that it will roll out in this country this year, adding 600,000 square feet of retail space to its footprint here – and potentially stealing more business from rivals.

“It will be retail wars,” said Alex Arifuzzaman of InterStratics Consultants in Toronto. “I do think other retailers are going to be affected, no question about it. It’s going to start in Southern Ontario because that’s where the first Target stores are opening up.”

The highly anticipated Target rollout will begin with a “soft opening” in the coming weeks as the retailer tests the waters, with its official “grand opening” of its first 24 stores in early April. Other retailers ranging from Wal-Mart Canada Corp. to Sears Canada Inc. and Canadian Tire Corp. Ltd. have been bracing for the invasion as they race to up their game.

But an array of merchants, including Wal-Mart, Sears and Canadian Tire’s namesake stores, have posted sales declines at stores open a year or more in their latest reported quarter, underlining the growing pressures.

“No one is doing that strongly in Canada among the public retailers,” said Brian Yarbrough, retail analyst at Edward Jones in St. Louis, Mo. “How are they going to do when Target opens? That’s been our concern.”

On Wednesday, Sears Canada Inc. said its fourth-quarter same-store sales – a key retail measure of outlets open a year or more – fell 3.8 per cent. Those sales at Canadian Tire’s namesake outlets slipped 1.1 per cent in the same period.

Even discount titan Wal-Mart Canada felt the heat in its fourth quarter, with its same-store sales down 1.9 per cent and traffic to stores dipping 2 per cent, although its market share picked up in “measured categories in a slower overall market,” Doug McMillon, president of the chain’s international division, said last week.

At Target, fourth-quarter same-store sales picked up 0.4 per cent, which the company said fell short of its target amid cautious consumers and an uncertain economy.

“The challenges facing us in the year ahead are more short-term in nature, and I’m confident in the clarity of our strategy,” Target chief executive officer Gregg Steinhafel told analysts.

Target’s first foray outside its U.S. home base follows its acquisition of most Zellers leases. Now it’s investing $10- to $11-million in each store to renovate and reopen them under the Target banner.

Mr. Yarbrough said he thinks Target’s heavy investment in Canada will pay off, even though it could bruise the retailer’s 2013 bottom line more than he had expected. Analysts had anticipated that the Canadian launch would chop 25 cents (U.S.) to 30 cents off this year’s profit – rather than the company’s outlook of a 45-cent dilution.

“The sites we obtained in the Zellers deal were extremely well located with very attractive leases,” said John Mulligan, Target’s chief financial officer. But the stores were smaller than the retailer’s U.S. outlets and “in very poor physical condition.”

Target negotiated with landlords to gain more space at sites adjacent to 40 Zellers locations, he said. The retailer also is opening three owned distribution centres, with plans to pour $1.5 billion into the Canadian operations in 2013.

Target’s fourth-quarter profit fell to $961-million from $981-million a year earlier. Profit per share rose 2 cents to $1.47 as the number of shares outstanding dropped. Revenue climbed to $22.73-billion from $21.29-billion.
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